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Metal Energy Acquires Highly Prospective SourceRock Project - Ontario's First Lithium Brine Project
Toronto, Ontario--(Newsfile Corp. - June 26, 2023) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEE...
About this update from Metal Energy Corp
[{"type":"text","content":"Metal Energy Acquires Highly Prospective SourceRock Project - Ontario's First Lithium Brine ProjectToronto, Ontario--(Newsfile Corp. - June 26, 2023) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF)  (the \"Company\" or \"Metal Energy\") is pleased to announce a new project acquisition (\"SourceRock\" or the \"Project\") prospective for lithium (\"Li\") brines in the Thunder Bay-Nipigon area of northwestern Ontario. The Project is exceptionally large, covering 913 square kilometres within an area measuring approximately 10 to 20 km wide by 95 km long (Figure 1).\"The SourceRock Li brine project covers a dominant land position of untested regional lithium brine targets within the Proterozoic Sibley sedimentary basin (the \"Basin\") that is on a regional scale equivalent in size to Chile's Salar de Atacama central salt body, the largest Li brine producing jurisdiction in the world. Not only do we have a large aerial coverage, SourceRock covers the deepest parts of the Basin with sedimentary thickness ranging from 500 m to 1,000 m, enhancing Li brine prospectivity. Exploration in the area has reported considerable evidence of supersaturated saline solutions within the Basin sediments and even the underlying Li-pegmatite-rich basement rocks. Halite (sodium, \"Na\") and sylvite (potassium, \"K\") veins, bedded layers, interstitial cements, and even encrustations on drill core and drill rods have all been mentioned in a variety of reports. Both Na and K are important pathfinders for Li within brine solutions, and higher concentrations of each of these elements supports the potential for higher concentrations of Li. With drill permits already in-hand, we are very excited to advance the SourceRock project with our first drill program,\" said James Sykes, CEO of Metal Energy.For details on the Company's new SourceRock project, watch this video:SourceRock Lithium Brine Project: Ontario's First Lithium Brine Project - Metal Energy Controls A Dominant Land Position of Untested Regional Lithium Brine TargetsCannot view this video? Visit:https://www.youtube.com/watch?v=6B_1oHbk3K8The video identifies:Numerous geological reasons support the high-potential for Li brines within the Project;A promising comparison with Chile's Salar de Atacama;The Project is in a favourable jurisdiction with a long mining history, infrastructure, and rec...